Diana Shipping inc. Declares Quarterly Dividend of $0.01 (NYSE:DSX)

Diana Shipping inc. (NYSE:DSX) announced a quarterly dividend on Thursday, May 28th. Stockholders of record on Wednesday, June 10th will be paid a dividend of 0.01 per share by the shipping company on Thursday, June 18th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Wednesday, June 10th.

Diana Shipping has a payout ratio of 14.8% indicating that its dividend is sufficiently covered by earnings.

Diana Shipping Price Performance

Shares of NYSE:DSX traded down $0.05 on Thursday, hitting $2.47. The stock had a trading volume of 3,797,537 shares, compared to its average volume of 890,818. Diana Shipping has a twelve month low of $1.42 and a twelve month high of $2.91. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.69 and a current ratio of 2.73. The firm’s 50 day moving average price is $2.56 and its 200-day moving average price is $2.24. The company has a market capitalization of $305.27 million, a price-to-earnings ratio of 22.47 and a beta of 0.53.

Diana Shipping (NYSE:DSX) last issued its earnings results on Saturday, February 14th. The shipping company reported $0.02 EPS for the quarter. Diana Shipping had a net margin of 8.35% and a return on equity of 3.60%. The company had revenue of $52.05 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DSX. Cetera Investment Advisers bought a new position in shares of Diana Shipping in the first quarter valued at about $26,000. EverSource Wealth Advisors LLC raised its holdings in shares of Diana Shipping by 71.2% in the first quarter. EverSource Wealth Advisors LLC now owns 10,942 shares of the shipping company’s stock valued at $27,000 after buying an additional 4,550 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Diana Shipping by 159.0% in the first quarter. Blue Trust Inc. now owns 12,839 shares of the shipping company’s stock valued at $32,000 after buying an additional 7,881 shares during the last quarter. Mercuria Capital Strategies LLC bought a new position in shares of Diana Shipping in the fourth quarter valued at about $88,000. Finally, Lazard Asset Management LLC bought a new position in shares of Diana Shipping in the first quarter valued at about $98,000. 48.68% of the stock is owned by institutional investors.

About Diana Shipping

Diana Shipping Inc is a global shipping company incorporated in the Republic of the Marshall Islands and headquartered in Athens, Greece. The company specializes in the ownership and operation of dry bulk vessels that transport a variety of commodities, including coal, iron ore, grains, fertilizers, steel products and other bulk materials. Diana Shipping’s fleet comprises Panamax, Capesize, Newcastlemax and Supramax/Newcastlemax segments, enabling it to address the needs of customers on key global trade routes.

The company conducts its operations by chartering vessels on short?term voyage charters and longer?term period charters.